HMO Mortgages

Up to 85% LTV

No Minimum Income

Interest Only or Repayment

First Time or Portfolio Landlords

Multi-Let Including Bedsits
Considered

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HMO Mortgages

It was quite an easy decision to make….the run of the mill mortgage brokers really were not going to be able to help me on this one. I would recommend Capital Fortune to any one asking and I do so too.
Joe Crosby, Golders Green
HMO Mortgages are mortgages for houses with multiple occupants and have become a niche area of mortgage lending. The definition of a HMO is problematic as certain Local Authorities such as Oxford deem a house of multiple occupancy to be three unrelated tenants living in one property whilst other Councils may have definitions of four, five or more. HMO lender requirements may or may not require the property to be registered and specific lending criteria is essential to fully understand in order to prevent disappointment.

HMO mortgages range from a house of sharing tenants to properties with multiple kitchens, bedsits and several self contained flats under a single legal title.

We appreciate that the structure and complexity of HMO mortgages are generally misunderstood by the majority of lenders or brokers.

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Capital Fortune are a blessing...I feel like I’ve got the best rate on the market and a very personable and friendly service.
Reuben, South London, SE27
Typically, clients we successfully assist tell us of the difficulty they have experienced in trying to arrange a competitive HMO mortgage. Often they express their frustration in finding an appropriate lender or are a little unsure how to start their search.

Usually we find that clients seeking these types of mortgages have more specialised finance needs and we are able to provide personalised advice on the appropriate lenders to meet those requirements. Clients we successfully help in similar situations, typically tell us of their annoyance at the current restrictions on obtaining a mortgage on a HMO. They usually have a healthy deposit for a purchase or significant equity to undertake a re-mortgage. They find it difficult to understand why the vast majority of lenders will not consider their individual circumstances.

They confirm the additional problems they come up against, when they want to rent out the property and may be uncertain where to begin. They generally are looking for appropriate guidance to obtain the available deals in the market. They frequently seek to ensure that they do not fall foul of the lenders conditions or invalidate the property insurance given the property’s HMO status and who may be living at the property.

They arranged a re-mortgage for us…. which was unusual and certainly must have been difficult. It went through smoothly, more smoothly than any other mortgage I've taken out.
RH, Stanmore
Our mortgage service is based not only on knowing all the mainstream UK lender’s criteria but also on our ability to access bespoke mortgages for non standard and unusual situations.

As you would expect with an award winning company, all our finance is arranged through fully authorised, regulated mortgage lenders, whom can offer Capital Fortune, exclusive products and rates.

As a comprehensive panel of lenders broker in this area, we know our lenders and lending criteria. Importantly, we appreciate the ambiguities and difficulties in this area of UK lending and work to provide an appropriate solution. We regularly assist clients with mainstream and complex finance and we are UK specialists in arranging mortgages for clients with non standard requirements.

We have been voted the Overall Adviser of the Year for the largest UK mortgage and protection network, two years in a row and have recently won a national industry award for Excellence in Treating Customers Fairly. A number of our clients watched us on BBC TV Newsnight and supported our shortlist nomination for Best Broker Prime and Best UK Mortgage Adviser at the prestigious Money Marketing Financial Services Awards and British Mortgage Awards respectively.

There are three stages to our award winning process:

1 Indicative Rate
Typically clients using the service, tell us they want to discuss their current situation and take us through any difficulties they may have. We can quickly give an indication as to the feasibility of what they are looking to do, undertake detailed research on the potential rates, confirm we can safely assist and importantly, express how we operate.
2 Approval in Principle
This stage involves completing a 45 minute Mortgage Fact Find questionnaire over the phone to fully assess needs and requirements. Once complete, we undertake research across a comprehensive panel of lenders to recommend the right mortgage. A detailed illustration is provided which we will take you through. If you are happy with the illustration we will then request documents from you to support the application. On receipt of the documents we will obtain formal approval in principle from the lender.
3 Full Application
We will process your full mortgage application and liaise directly with the lender on your behalf. We organise the valuation and deal with any issues that may arise during the mortgage application.

We still appreciate however, we are not right for everyone and typically we best assist clients

  • With non-standard/non-traditional requirements;
  • That are time pressed and need the most competitive and quick
  • results; or
  • That just need an independent guiding hand through the minefield of products to obtain them the most competitive deal and to assist them through all the complexities within the mortgage process.

We pride ourselves on delivering advice which is accurate, tailored to your situation and fully compliant with Financial Conduct Authority (FCA) guidelines and best practice.

For help and assistance, call us today on 0207 710 0400 to speak to one of our Mortgage Advisers.

Find out current best rates

Property Value
£
Mortgage Amount
£
Reason for Mortgage
Mortgage Type
Lender Initial Rate Type For Then APR* ERC* Fee
Virgin Money Intermediary Exclusive BTL 2 Year Fixed £1995 Fee Purchase BNR1.37%FixedSep-20204.99%4.7%01-Sep-2020 £1995
Post Office Intermediary BTL 2 Year Fixed £1295 Fee POS1.38%FixedSep-20204.99%4.5%30-Sep-2020 £1295
TSB Intermediary BTL 2 Year Fixed £1995 Fee Purchase TSB1.39%FixedAug-20204.84%4.4%31-Aug-2020 £1995
Hinckley & Rugby BS TBMC BTL 2 Year Discount £2999 Fee BHI1.4%Discount2 years 5.89%5.6% £3249
Leeds BS Portfolio BTL 2 Year Fixed £2499 Fee BLH1.44%FixedAug-20205.99%5.1%31-Aug-2020 £2499
Virgin Money BTL 2 Year Fixed £1995 Fee BNR1.44%FixedSep-20204.99%4.7%01-Sep-2020 £1995
Leeds BS BTL 2 Year Fixed £2499 Fee BLH1.44%FixedAug-20205.99%5.1%31-Aug-2020 £2499
The Mortgage Works Intermediary BTL 2 Year Tracker £1995 Fee Further Advance CCN1.49%TrackerJul-20204.49%4.1%31-Jul-2020 £1995
Platform Intermediary BTL 2 Year Tracker £1999 Fee Capital Raising CTS1.49%Tracker2 years 5%4.7%2 years £1999
The Mortgage Works Intermediary BTL 2 Year Fixed £1995 Fee CCN1.49%FixedJul-20204.49%4.1%31-Jul-2020 £1995
Mortgage product availability is subject to status and availability. Although great care is taken to ensure that product details are as accurate as possible no liability can be accepted for errors or omissions.
*APR = Annual Percentage Rate *ERC = Early Repayment Charge
*These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.